Argentina imposes price controls to tackle hyperinflation
Central bank governor apologises as year-on-year inflation figures rise 54.7%
The Argentine government announced price controls over a wider range of basic products on April 16 after official data said inflation had further increased in March.
The government unveiled an agreement with companies to maintain prices of 60 basic products unchanged until the end of 2019. This includes oil, rice, flour noodles, milk, sugar and beverages. Additionally, “there will be no additional increases in the remainder of the year in electricity for households, transportation and tolls,”
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